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Saving Financial Aid

Expanding Educational Opportunity and Reimagining the Way We Pay for College by Promoting Children’s Savings
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In Collaboration with the Assets and Education Initiative at the University of Kansas

To read a summary of this event on the Asset Building Program blog, The Ladder, please click here.

A college education has never been more important to succeeding in the job market and earning a good living. For millions of low- and moderate- income students, however, the cost of attendance requires taking on a mountain of debt or puts the credential out of reach altogether. Unfortunately, none of the common proposals for fixing financial aid – forgiving loans, lowering interest rates, increasing tax credits, tuition guarantees – focus on the one lever that simultaneously improves college affordability, readiness, completion, and financial security in adulthood: children’s financial assets.

A new report, Building Expectations, Delivering Results, from the Assets and Education Initiative (AEDI) at the University of Kansas suggests that investing in policies that build children’s savings could revolutionize the way that financial assistance is conceived and delivered and improve educational outcomes along the way. Could savings offer an alternative to the debt-driven model of higher education finance? What kinds of policies would be necessary to extend the opportunity to save to all children regardless of family income?
 
On July 15th, the New America Foundation and the AEDI at the University of Kansas will explore how our financial aid system could be remade to promote savings and opportunity with a distinguished panel of experts. Please join us in person or view the event live online. Copies of the executive summary of Building Expectations, Delivering Results will be available at the event. 
 
A light breakfast will be served.
 
The event will be webcast live on this page.
 
On Twitter? Follow @AssetsNAF and use #save4ed to join the conversation online

Agenda

Welcome
Director, Asset Building Program, New America Foundation
 
Introduction
Rosemary Byrnes
Program Officer, College Success, Citi Foundation
 

Speakers
William Elliott
Director, Assets and Education Initiative, University of Kansas

Melinda Lewis
Policy Director, Assets and Education Initiative, University of Kansas

Panel
Dana Goldstein
Bernard L. Schwartz Fellow, New America Foundation

Michael McPherson
President, Spencer Foundation
Co-author, Rethinking Pell Grants, College Board

Ben Miller
Senior Policy Analyst, Education Policy Program, New America Foundation

Moderator
Rachel Black
Senior Policy Analyst, Asset Building Program, New America Foundation

This event is brought to you through the generous support from: Citi Foundation, Lumina Foundation, Charles Stewart Mott Foundation, and Ford Foundation.

   

  

 

Event Time and Location

Monday, July 15, 2013 - 9:30am - 11:00am
New America Foundation
1899 L Street NW Suite 400
Washington, DC 20036

Related Programs

Event Photos

Click here to view these photos.
A range of photos from this event are available on Flickr. Click on the icon at left to view or download the photos.